with fe at spot (big assumption) you should get a min 23-25c div in second half based on 60% payout to average out a 50% pay out for full year - and assuming the current discount for 58% remains - all very unlikely imo
but anyone buying a resource stock for yield is playing a dangerous game - the company needs to keep updates more random to the market and keep new flow going - the only time it goes up is leading into div/result and that doesn't encourage long term shareholding -
dividend strippers arent there for the whole time
a buy back and positive news flow randomly and consistently throughout the year is the only way to turn this b.s of shorting and constant churn
Ann: Dividend/Distribution - FMG, page-22
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Last
$18.27 |
Change
-0.290(1.56%) |
Mkt cap ! $56.25B | |||
| Open | High | Low | Value | Volume |
| $18.70 | $18.72 | $18.21 | $313.4M | 17.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 45418 | $18.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.30 | 1200 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |